Revenue management adjusts the pricing and available supply of assets to maximize profits
Indicate whether the statement is true or false.
Answer: TRUE
You might also like to view...
JAX Inc In early 2012, JAX Inc had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit: Direct materials: 1.50 pounds at $2.50 per lb Direct labor: 30 minutes of assembly at $.20 per minute Actual results for 2012 were determined to be as follows: Number of units produced and sold:
5,600 units Sales revenue: $100,800 ($18 per unit) Direct materials cost: $ 22,848 (9,520 lbs purchased and used at $2.40 per lb) Direct labor cost: $ 38,192 (173,600 minutes at $.22 per minute) Refer to the JAX Inc information above. What was JAX Inc's sales price variance for 2012? A) $15,000 F B) $15,000 U C) $16,800 F D) $16,800 U
A graph that plots the total resources needed per period vs. time is called a(n) ________
A) Gantt Chart B) Resource Loading Chart C) Work Breakdown Structure D) Project Network Chart E) PERT/CPM Chart
Tiffany transfers a draft by signing it and delivering it to Uma. Tiffany is
A. an indorser. B. a draft dodger. C. a drafter. D. a promisor.
The cash conversion cycle is found within the:
A) Operating period B) Accounts payable period C) Average collection period D) Holding period